Shopping on Amazon

There are several ways to make Amazon.com purchases with bitcoins until Amazon starts accepting Bitcoin directly. One of the best ways to make Amazon purchases using Bitcoin is via Purse (http://www.purse.io). This is an amazing website if you ever make any Amazon purchases because it can give you up to 30% off of your purchase, just for spending bitcoins.

How is Purse able to give such great discounts? There are several reasons. One is this thing called Mechanical Turk which is a website where people can do routine tasks on the Internet for pennies (click on links, fill in forms, etc.). Mostly people in third world countries do this because the pay is very low (like $1-$2 per hour). They get paid with Amazon credit via Amazon.com. Many people who do this would rather have their own currency to pay the bills. But in order to get their own currency it might take up to 6 months to finally get their money. With Purse they can buy your item at a discount and get paid in Bitcoin. Then they can use a local exchange to get their local currency quickly.

Another way, and is likely the majority, is gift cards. Do you have any old gift cards laying around that you will likely never use? Did you get an Amazon gift card but would rather have cash? There are websites out there that will pay you cash for your Amazon gift cards at a deep discount (like 40%-50% of the value). You don’t care because you just want some money. The company turns around and spends those gift card points at Purse and gets bitcoins in return.

I showed this to a friend of mine who uses Amazon all the time. After using Purse and liking it he was sent an e-mail from Purse saying “If you have Amazon credit, you can use Purse to get bitcoins from that credit.”. He told me, “I have some Amazon credit, maybe I should convert it to bitcoins.” I told him it would likely be at a discount…like 20%-30%. That’s when it clicked for him on how it all works.

Ok, enough about why you get a discount. How does it work? You go on Amazon like usual and find your items. Instead of adding to your cart you add to a single Wish List. Once you have everything you want in your wishlist you copy and paste the URL from your Wish List into your Purse account. From there you set the percentage of a discount you want. Remember that people with Amazon credit or gift cards are making the purchase so if your price is too high there are not as many people buying as an order in the $100 range. I bought my laptop via Purse and had to lower the discount to around 10%. For most purchases I ask around 22%. If I want it faster I go with around 15%-18%. You have to wait for someone to fill your order so if you’re not in a hurry you can get a bigger discount.

Here is a video of someone demonstrating how to use Purse:

Even if you never use Bitcoin or care one bit about it as a decentralized, digital global currency. If you use Amazon very much, you should definitely spend the 1% exchange rate to get some bitcoins so you can save around 20% on your orders. My Purse account shows that I have saved over $500 so far on my Amazon purchases.

I highly recommend Purse.io for all Amazon purchases.

There are some other ways to use bitcoins to make purchases on Amazon. You can go to Gyft (http://www.gyft.com) or eGifter (http://www.egifter.com) to buy an Amazon gift card at a 3% discount (rebate points). Then just use that gift card for your Amazon purchases.

For people in Germany using amazon.de you can get Amazon vouchers from BitPanda (https://www.bitpanda.com/) at a 1:1 rate. Or you can get your Amazon purchases through users on BitcoinTalk at a 15% discount here:

https://bitcointalk.org/index.php?topic=1314878.0

https://bitcointalk.org/index.php?topic=1120802.0

I used MrDJ’s service and it worked out perfectly. Though I wish he would automate it like Purse does. I had to do everything through PMs. But the end result was the same, Amazon purchase at a discount made with bitcoins.

There are a few other ways like buying gift cards from people on bitcointalk in the Market->Goods section but I have not gone down that road so I can’t recommend it.
https://bitcointalk.org/index.php?board=51.0

Overall, using Purse.io to make Amazon purchases covers a lot of things you might ever want to buy on the Internet with bitcoins. There is a reason Bezos is one of the richest men in the world. His platform provides a lot of stuff.

 

2 thoughts on “Shopping on Amazon

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